Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Using Bisq
by
Ambatman
on 25/03/2025, 21:24:00 UTC
⭐ Merited by d5000 (1)

Hello! It's wonderful to connect with you, and I appreciate your kind words. I hope you're having a great week as well. Let's address your questions about using Bisq with a focus on anonymity and node usage.

Using a VPN with Bisq

Yes, using a VPN with Bisq is a common practice for those seeking to enhance their privacy. A VPN masks your real IP address, making it more difficult to trace your internet activity back to your physical location. Here's a breakdown:  

How it helps:
It hides your IP address from your internet service provider (ISP) and other potential observers.  
It adds a layer of privacy by routing your internet traffic through an encrypted tunnel.
Important considerations:
Choose a reputable VPN provider that prioritizes privacy and has a strict no-logs policy.
Be aware that even with a VPN, complete anonymity is not guaranteed. Other factors, like your operating system configuration and browser usage, can still reveal information.
Using a VPN in conjunction with the tor network, could increase your anonymity.
Bisq Nodes and Anonymity

Running your own Bisq node serves a different purpose than simply increasing transaction anonymity. Here's how it works:

Node functionality:
Bisq is a peer-to-peer (P2P) network. Running a node means you're contributing to the network by relaying transaction information.
Nodes help maintain the decentralized nature of Bisq.
Running a node allows you to use your own local copy of the Bisq software and data, rather than relying on a remote server.
Anonymity vs. Security:
Running a node doesn't significantly increase the anonymity of your individual transactions. The core anonymity comes from Bisq's P2P design and the use of Tor.
However, running a node enhances the overall security and resilience of the Bisq network, which indirectly benefits all users.
Running your own node does provide a level of increased security, by eliminating the risk of a malicious 3rd party server.
For a $40 transaction:
For a small transaction like $40, running your own node is not strictly necessary. You can use Bisq effectively without one.
The main benifit of running a node is to support the network, and to increase your own personal security.

can you not make it any more obvious that this is AI generated  Grin
The confidence to post a wall of AI response amazes me.


Lastly i know Bisq accepts Revolut as a payment method, which will capture your credit card details, i please wondered, is your Revolut details not stored on any of Bisq's software please in relation to any transactions? If anyone kindly had any thoughts on this i would be forever thankful and i would be immensely appreciative for your support.

No it doesn't. If it did save customers data. It wouldn't be this popular or considered a decentralized system 
Instead it is saved locally in your device
And only your trading partner can see it.

Quote
I know Bisq requires a minimum of 0.0001BTC
it's actually 0.001BTC